World oil prices continued to decline after the collapse in global financial markets, triggered by investor concerns about a global economic slowdown and the crisis in Europe. Investors worried that the weakening could continue to undermine the world’s energy demand.
In Friday’s trading (11/05/2011) in the Asian market, West Texas Intermediate oil for September delivery fell 92 cents to U.S. $85.71 per barrel. Oil prices in Asian markets maintaining the big correction that occurred
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